Solana (SOL) — Onchain News & Whale Tracking

Solana Foundation: Core Goal Is to Attract Talent and Capital, Will Not Back a Single Team via 'Creating a God'

Solana Foundation Chair Lily Liu stated that the foundation’s core goal is to attract talent and capital for Solana. It will not prop up a single team by anointing them as the sole champion, nor does it endorse mechanically applying “trustless neutrality” to ecosystem governance, instead advocating open competition where the market determines success or failure. She added that the foundation has long supported multiple perpetual contract teams, arguing that fully on-chain perps hold greater long-term value for DeFi and Solana than pool-based trading or off-chain execution, with several teams currently advancing related initiatives.

Solana ecosystem launches its first STRC structured product, as Solstice Finance splits the returns and risks of its Strategy preferred shares.

Solana ecosystem DeFi yield infrastructure protocol Solstice Finance has launched a structured product strcUSX based on Strategy (MSTR) preferred stock STRC, marking the first Solana financial product linked to STRC. The product does not tokenize STRC stock nor represent users’ ownership of Strategy preferred shares; instead, it splits STRC-related yields and price risks via a yield vault. After users deposit Solstice’s dollar-settled token USX, they receive two types of Solana tokens, each corresponding to yield exposure of different risk levels. The senior tranche token SR-strcUSX claims yields first, with a target annualized return of around 7%; the junior tranche token JR-strcUSX takes on residual yields and more price volatility risk, with a target annualized return of over 20%. If STRC’s value drops, junior tranche holders absorb losses first. STRC is a floating-rate perpetual preferred stock issued by Strategy, currently with a cash dividend yield of around 12% paid twice monthly, though dividend disbursements remain subject to the company’s board of directors’ decision. Solstice stated that the product aims to let DeFi users gain exposure to STRC’s yields and risks without directly holding the stock, while catering to investors with different risk appetites via its tranched design. Earlier, on August 10, Strategy sold 1,690 Bitcoin to raise roughly $108.6 million, which it used to repurchase around 1.152 million STRC preferred shares. Strategy’s current Bitcoin holdings have dropped to 840,447 coins.

Solana Perpetual DEX FlashTrade Shuts Down, Solana Co-Founder Responds

Anas, founder of Solana perpetual contract protocol FlashTrade, announced the shutdown of the project and is seeking to sell its existing tech stack to compensate FAF holders. He attributed the shutdown to factors including severe internal team disagreements, market contraction, and prolonged lack of profitability, stating, "What hurt me the most personally was the Solana Foundation’s disregard for us," adding that the foundation only fully supports one team as it believes this aids Solana’s success. Anas also emphasized he does not blame the foundation for the project’s failure, noting he was overly emotional about the situation. Solana co-founder Anatoly Yakovenko responded shortly after, stating the foundation cannot determine a product’s success; its main role is to assist with go-to-market (GTM) efforts and expand exposure during product launches, and whether attention translates to users ultimately depends on the product itself.

Founder of 6th Man Ventures promotes Solana ecosystem meme coin TOAD, whose market cap quickly surged past $20 million before retreating.

Solana ecosystem meme coin TOAD launched at 10 PM last night. Mike Dudas, founder of 6th Man Ventures, received tokens gifted by the TOAD community, then continuously promoted the coin on social media and made small purchases. Dudas stated he will not sell these tokens, instead he will follow Ansem’s approach to use them to encourage narrative dissemination. Driven by the news, per GMGN data, TOAD’s market cap quickly surged past $20 million after launch before pulling back, currently standing at $12 million with trading volume exceeding $52.1 million. BlockBeats reminds users that related token prices are highly volatile, so investors should exercise caution.

Solana OG attacker transfers another $4.39 million to Tornado Cash.

According to Onchain Lens monitoring, addresses linked to the Solana OG attacker (0xd229...9D15, 0x501...f051) transferred 2,290 ETH to Tornado Cash, worth $4.39 million. The operation occurred nearly a month after the $14.2 million attack in question; the same address cluster also used Tornado Cash two weeks earlier.

Rarible announced it has gone live on the Solana network.

NFT trading platform Rarible has announced its official launch on Solana, with Claynosaurz serving as the platform’s first featured NFT collection. Over the coming days and weeks, Rarible will continue to onboard additional Solana ecosystem NFT projects. The company said its team has spent the past several months on development, testing, and launch preparations, while engaging with multiple NFT communities within the Solana ecosystem to learn about different projects’ stories, cultures, and community needs—feedback that has shaped several of the platform’s current product decisions. It clarified that Gacha Station, previously rolled out on Solana, was not a standalone feature but a preliminary trial ahead of this launch. Rarible’s goal is not only to list NFT collections, but also to collaborate with project teams to design market experiences tailored to each project’s unique traits. The platform noted that today’s launch is only a basic version, with plans to add more projects, features, market experience optimizations, content, and community activities in the coming period, while advancing its platform development in partnership with the Solana ecosystem.

Coinbase Releases Q2 Solana Validator Performance Report: Its APY outperformed the overall network by 14 basis points, and its block skip rate was only one-quarter of the network average.

Coinbase released its Q2 2026 Solana Validator Performance Report, disclosing key metrics for its Solana staking operations. As of the end of Q2, Coinbase staked a total of 41.63 million SOL across 23 validators in 7 countries, accounting for 9.72% of the network’s total staked SOL. In terms of yield performance, Coinbase’s validators posted an annualized yield of 6.52%, outperforming the network average of 6.38% by roughly 14 basis points. Its reliability metrics were even more impressive: the block skip rate stood at just 0.035%, approximately a quarter of the network average of 0.136%, meaning it missed around 75% fewer blocks than the average validator. Coinbase attributed this strong performance to its use of only Solana Foundation-audited client software and its avoidance of aggressive MEV timing strategies that harm end users. On the infrastructure and security front, Coinbase disclosed several technical details: its client strategy covers four options—Harmonic, Jito, JitoBAM, and Firedancer—all 100% audited by the Solana Foundation; for security, it has deployed a dual-signature protection mechanism and near-zero downtime deployment protocols. Looking ahead, the entire validator cluster has been integrated into the DoubleZero network, with a session uptime of approximately 99.9%, and is prepared for the Alpenglow mainnet upgrade in the second half of the year.

Solana plans to advance a supply tightening proposal, with the daily value of SOL burned potentially rising from $47,000 to $650,000.

The Solana community is advancing two governance proposals aimed at reducing new SOL issuance and scaling up network fee burns to tighten the token’s supply. Proposal SIMD-0553 would introduce a resource-based transaction fee mechanism, charging fees based on the network resources each transaction consumes. It is projected to lift daily SOL burns from the current ~650 tokens (≈$47,000) to 7,500–9,000 tokens (≈$650,000). The second proposal, SIMD-0550, plans to double the rate at which Solana’s annual inflation declines, pushing the 1.5% minimum inflation target to 2029 instead of the original 2032 timeline. This measure is expected to cut ~18.9 million SOL from issuance over six years, worth ~$1.36 billion at current prices. To date, both proposals have garnered support from some validators. As of the latest data, ~24.94 million SOL have been cast in signal voting, representing just 5.8% of the 4.3265 million staked SOL. The community still needs ~39.95 million more SOL to hit the 15% threshold required to move to formal voting. The signal voting period closes on August 18. Sixteen validators have expressed support, with infrastructure firm Helius contributing ~16.03 million SOL—nearly two-thirds of the current total support. Notably, even if SIMD-0553 is approved, SOL will not immediately enter a deflationary state: at the maximum daily burn rate of 9,000 tokens, burns would still fall short of the current daily new SOL issuance of ~60,000. As such, the community is pushing both reforms—burn mechanism upgrades and lower issuance—together. If the proposals secure enough validator backing, Solana will revamp its long-term tokenomics via the dual mechanism of reduced new supply and increased burns.

UCLA marmot research team turns to OnlyFans for fundraising; related Solana meme coin has emerged.

A research team from the University of California, Los Angeles (UCLA) recently launched an OnlyFans account named "OnlyMarms" to raise funds for its long-running wildlife study, unexpectedly drawing attention from the crypto community and leading to the emergence of multiple related Solana meme coins. The project, which has tracked yellow-bellied marmots in Colorado since 1962, is one of the longest-running wildlife studies globally. Facing declining traditional research funding, the team created the OnlyMarms account, using humorous angles like "uncensored marmot content" to attract subscribers to support the research. To date, OnlyMarms has raised around $4,000, but the project still requires $75,000 to $100,000 annually to fund graduate student support and fieldwork. Meanwhile, multiple OnlyMarms-inspired meme coins have popped up in the Solana ecosystem. However, these tokens were all created spontaneously by the community, their issuers are unidentified, and they have no official connection to the UCLA research team. The lead researcher confirmed the team did not create any related tokens. The incident is regarded as an example of the intersection of internet culture, science communication, and the crypto community. Earlier, Solana has seen meme coins driven by internet-famous animals, such as the token based on viral baby hippo Moo Deng, which once reached a market cap of around $680 million in 2024.

Solana policy group urges the Senate to vote on the Clarity Act crypto bill as soon as possible.

U.S. Solana Policy Institute (SPI) has sent a letter to Senate bipartisan leaders, urging them to advance the Clarity Act digital asset bill to a vote before Congress’s legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establishes a "non-money transmission" safe harbor for non-custodial software developers via the Blockchain Regulatory Certainty Act. The latest Republican version of the bill also adds ethics provisions banning federal public officials and their spouses from issuing or sponsoring digital assets, with the relevant clauses set to expire on January 20, 2029. SPI states that the legislation will help prevent "overreach" by regulators and criminal law enforcement targeting software developers, while sustaining domestic U.S. development momentum.

Morgan Stanley launches Ethereum and Solana spot ETPs

According to The Wall Street Journal, Morgan Stanley Investment Management today announced the launch of two new Exchange-Traded Products (ETPs): the Morgan Stanley Ethereum Trust (MSSE) and the Morgan Stanley Solana Trust (MSOL). Each product is designed to track the performance of ETH and SOL, the native digital assets of the Ethereum and Solana blockchains respectively. The launch of MSSE and MSOL marks Morgan Stanley’s further expansion of its crypto asset investment product portfolio, providing institutional and individual investors with additional avenues to participate in the digital asset market via traditional financial channels.

Solana mainnet’s per-block compute limit will be raised by 66%, with SIMD-0286 set to activate within 24 hours.

Solana’s mainnet is set to raise its per-block compute capacity by 66% in less than 24 hours, lifting the cap from 60 million compute units (CUs) to 100 million. The change is part of SIMD-0286, a Solana Improvement Proposal that will automatically activate at the start of Epoch 1009. Proposed by Jito Labs, SIMD-0286’s core adjustment is increasing the per-block maximum CUs to 100 million while keeping other limits unchanged. The upgrade aims to free up more space for non-voting transactions, enabling ~400ms blocks to handle more complex trades, thereby boosting throughput, reducing congestion failure rates, and easing fee pressure. This marks another scaling expansion following SIMD-0256, which previously raised the cap from roughly 50 million to 60 million CUs.

The creator of Solana-based meme project 'EPIK' announced that nearly 60% of the token supply has been burned, adding that he has personally repurchased a total of 356 million tokens and plans to airdrop them to the community.

Solana-based meme project EPIK’s creator Mando posted that the token has a total supply of 1 billion, with nearly 60% of the supply currently out of circulation. Mando revealed he has personally repurchased a total of 356 million EPIK tokens, burning 154 million of them; the project’s liquidity pool (LP) also burned an additional 81 million tokens. Addressing the community’s doubts over his large token holdings, Mando clarified he did not acquire 50% of the tokens via airdrop, but instead invested seven-figure funds over the past three years to continuously repurchase and support the project, holding and controlling more than 50% of the total token supply. Mando noted he created EPIK during an early live stream, and has since long invested funds to sustain the project’s development, stressing his approach differs from that of some KOLs, creators or celebrities who sell tokens immediately after acquiring them. He is now considering distributing some of his held tokens in batches via airdrop to long-term community members and contributors who have supported the project, as a way to give back to early participants. According to GMGN market data, EPIK’s market cap once surged rapidly to around $27 million, with hourly trading volume hitting nearly $6.5 million, before the market cap pulled back to roughly $16 million.

Circle has minted an additional 250 million USDC on the Solana blockchain.

According to monitoring by Whale Alert, USDC issuer Circle’s USDC Treasury has newly minted 250 million USDC on the Solana blockchain.

Circle minted an additional 250 million USDC on Solana two hours ago.

USDC issuer Circle minted an additional 250 million USDC on the Solana network two hours ago.

Jito launches self-custody trading platform JTX, supporting multiple Solana ecosystem tokens and RWA transactions.

Blockchain infrastructure developer Jito Labs has announced the launch of JTX, a Solana-based self-custody trading platform designed exclusively for professional traders. JTX initially offers spot trading, supporting a variety of Solana ecosystem assets including cbBTC, SOL, HYPE, and meme coins, alongside trading for tokenized real-world assets (RWAs) such as stocks and ETFs. The platform also integrates professional trading features tailored for on-chain markets.

Solana-based Meme coin LIKE strikes strategic partnership with AntFun, market cap exceeds $16 million.

According to official announcements, Solana ecosystem meme coin LIKE has announced a strategic partnership with Web3 financial platform AntFun, and will officially integrate into AntFun’s community ecosystem zone. LIKE derives from the "I LIKE THIS COIN" meme culture, with its liquidity pool currently standing at around 72,000 SOL (approximately $11.27 million), making it one of the representative meme assets in the Solana ecosystem. AntFun is a social-centric Web3 wallet that integrates trading, social and content ecosystems. The platform has over 6 million users, was selected for the Solaris Enterprise Accelerator jointly launched by the Solana Foundation and HackQuest, and has received investments from institutions including Folkman Venture, MH Ventures, X21 Digital and Becker Ventures. As of press time, LIKE has a market capitalization of approximately $16 million, with over 30,000 token holders. BlockBeats reminds users that most meme coins have no practical use cases, are highly volatile, and require cautious investment.

Ansem buys PUMP, bullish on it becoming a beneficiary of Solana's retail cycle.

Renowned crypto investor Ansem posted that he bought PUMP when its price rebounded to retest its previous support level, at an entry price of approximately $0.001675. His bullish thesis is primarily based on Pump.fun generating $30 million to $40 million in monthly revenue even during the bear market, and his view that Solana will again dominate retail on-chain activity in this cycle, with Pump.fun likely emerging as a key beneficiary. If Pump.fun launches an airdrop of over 300 million tokens, it could follow the incentive model of Jito and Jupiter in 2023, driving a rebound in on-chain trading volume, user attention, and activity. Additionally, Pump.fun is currently competing with high-profit crypto protocols including Hyperliquid and Polymarket. Ansem also noted that the Pump.fun team holds a large amount of PUMP tokens, which recently entered the unlock phase, and given the platform’s core business of driving retail participation in token speculation, the team has incentives to boost the token’s performance. If PUMP breaks below its previous low of approximately $0.0014, the above thesis will be invalidated.

Allbridge Core was hacked, leading to the theft of over $1.1 million worth of USDC on the Solana blockchain.

According to monitoring by OnchainLens, cross-chain protocol Allbridge Core was attacked on the Solana blockchain. The attacker stole over $1.1 million by manipulating the exchange rate of its stablecoin pool. The attacker first took out a $1.12 million USDC flash loan from Kamino, then altered the liquidity ratio of Allbridge’s stablecoin pool via rapid USDC/USDT swaps, exploited the manipulated exchange rate to withdraw liquidity, and repaid the flash loan in the same transaction. Currently, the attacker has transferred approximately $1.1 million and mixed the funds using a privacy protocol. The maximum single withdrawal limit for Allbridge Core is around $2.24 million USDC, and analysis of the vulnerability is still ongoing.

Solana Mobile kicks off a new round of SKR token claim, offering a maximum of 3,000 SKR tokens.

Solana Mobile has announced the launch of the Seeker Summer Round 1 SKR token claim campaign. Eligible participants can now view and claim their allocated SKR via the Seed Vault Wallet. This round’s SKR allocations are split into three tiers based on participation level: Level 3 users receive 3,000 SKR, Level 2 users get 2,000 SKR, and Level 1 users are allocated 1,000 SKR. Some highly active Level 3 participants will also receive additional bonus allocations. To claim SKR, users can follow these steps: Open their Seeker device, navigate to the Seed Vault Wallet, click on the Activity Tracking page, select “Check Available Allocations” and complete the claim process. The official claim window will remain open for 30 days. After claiming, users can stake their SKR to earn rewards—either by staking directly to Guardians within the Seed Vault Wallet, or via the SKR Staking web portal.

Solana ecosystem meme coin Jimothy’s market cap briefly exceeded $22 million, with its price surging more than 52 times in 24 hours.

According to GMGN data, the Solana ecosystem meme coin Jimothy briefly surpassed $22 million in market capitalization before pulling back to $20.14 million. The token has rallied over 52 times in 24 hours, with a 24-hour trading volume of $28.3 million. Jimothy is a Seattle-based raccoon. A rare congenital spinal condition has left it with an unusually small body (appearing "mutated" or stumpy and "deformed"), though it moves normally. It has become a local celebrity, with residents fond of watching it run around yards and balconies. Its videos and photos went viral on social media, shared by major accounts including the NY Post and Mario Nawfal, while some even created "police sketches" as memes. BlockBeats reminds users that meme coins are highly volatile, driven primarily by market sentiment, community hype, and narratives, and lack stable fundamental support. Investors should be mindful of risks.

Circle has again issued an additional 750 million USDC on Solana, bringing its total additional USDC issuance this year to over $69 billion.

According to monitoring by Onchain Lens, Circle has minted an additional 750 million USDC on the Solana network. Data shows that since 2026, Circle has cumulatively minted approximately 69.01 billion USDC on the Solana network.

Circle mints an additional 750 million USDC on the Solana network

According to on-chain data, Circle minted an additional 750 million USDC on the Solana network this morning. Year-to-date, Circle has issued a total of 68.26 billion new USDC on Solana.

SBI Holdings and Solana Foundation have reached a strategic cooperation to jointly build Japan’s on-chain financial market.

Japanese financial group SBI Holdings and the Solana Foundation have announced a strategic partnership to build a Japan-centric on-chain financial market. As part of the collaboration, the Solana Foundation will take an equity stake in SBI R3 Japan, which will be renamed SBI Solana Global. According to the announcement, SBI Solana Global will support the issuance and circulation of stablecoins including the Japanese yen stablecoin JPYSC on the Solana blockchain, and advance the tokenized issuance and distribution of real-world assets (RWA) such as corporate bonds, commercial paper, funds, and real estate. It will also develop cross-border settlement infrastructure, on-chain financial services for institutional investors, and payment infrastructure for AI agents. Additionally, SBI announced that it will launch applications for JPYSC deposit products via SBI VC Trade on July 16, offering a 3% annualized yield. Recently, SBI has successively invested in Gauntlet and EDX Markets, and completed the acquisition of Japanese crypto exchange Bitbank, continuing to expand its on-chain financial footprint.

Solana officials responded to reports of crypto projects jumping ship to Robinhood Chain, stating that most of the "official announcements" from these projects were intended as jokes.

Solana officials responded to BlockBeats today regarding the "project teams jumping to Robinhood" phenomenon, noting that most of the project "announcements" in question were jokes. The incident originated when prediction market platform world recently "announced it would migrate to Robinhood Chain". Verification confirmed the tweet was actually a prank from the project team. Riding on recent market hype, the post garnered massive traffic upon release, sparking widespread community discussion, prompting projects including pump.fun and GMTrade to follow suit. However, none of the aforementioned project teams have any actual migration plans. Projects like GMTrade have even expressed their "loyalty" to Solana in tweet replies: "One day Solana, forever Solana". Notably, despite facing competition from newcomer Robinhood Chain, Solana retains an absolute lead across most metrics: its 24-hour DEX trading volume hit $1.133 billion, while weekly volume reached $13.428 billion, both ranking first globally.

Circle has once again issued $500 million worth of USDC on Solana

According to monitoring by OnchainLens, Circle has issued an additional $500 million in USDC on the Solana network over the past 12 hours. As of 2026, Circle’s cumulative USDC issuance on Solana stands at $67.51 billion.

ZachXBT: A prominent early Solana whale is suspected of being hacked, with approximately 180,900 SOL tokens stolen.

On-chain detective ZachXBT has posted that an early whale address linked to Solana’s genesis block initial allocation was reportedly hacked several hours ago, resulting in the theft of around 180,900 SOL (valued at approximately $14.2 million). ZachXBT stated that while tracking abnormal fund flows with on-chain investigation firm Specter Investigation, they spotted unusual unstaking and cross-chain transfers to Ethereum from the address, and later confirmed the assets had been moved. To date, the involved victim address and multiple suspected hacker addresses have been made public; the specific attack method and the destination of the stolen funds remain under further investigation.

Stripe’s Privy has teamed up with Jito Labs to launch FullSend, a Solana transaction tool.

Stripe-owned wallet infrastructure firm Privy has partnered with Solana infrastructure company Jito Labs to launch FullSend, a transaction certainty tool. The solution routes transactions directly to current and upcoming Solana block builders via Jito’s low-latency network, cutting transaction packing latency to 50 milliseconds (compared to at least 200 milliseconds for traditional methods), and provides MEV protection by default. The tool has been operating quietly in Privy wallets since January this year, processing millions of transactions in total with a 99.999% execution success rate.

Prediction market platform World announced it will migrate from Solana to Robinhood Chain.

According to official announcements, prediction market platform World has announced it will migrate from Solana to the Robinhood Chain. As previously reported, World officially launched on July 1.

Circle has minted another 250 million USDC on the Solana blockchain.

According to monitoring by Onchain Lens, Circle has minted an additional 250 million USDC on the Solana blockchain. So far in 2026, Circle has minted a total of 66.76 billion USDC on Solana.

Circle has re-issued 250 million USDC on the Solana blockchain.

According to monitoring by OnchainLens, Circle has issued an additional 250 million USDC on the Solana blockchain. So far in 2026, Circle’s total USDC issuance on the Solana chain stands at $65.03 billion.

Circle mints an additional 250 million USDC on the Solana network.

According to on-chain data, Circle has minted an additional 250 million USDC on the Solana network. Year-to-date, it has minted a total of 64.78 billion USDC on Solana.

Meme coin trading drove a rise in on-chain activity: Solana’s active addresses surged 38% over the past week, while BNB Chain’s 24-hour trading volume increased 45%.

According to data from DeFiLlama, recent trading activity around meme tokens including ANSEM on Solana and TCC, CZ on BNB Chain has driven increased activity on both public blockchains. Solana has risen to the top spot among public blockchains in terms of 7-day activity, with roughly 31.385 million active addresses over the period, a 38% week-over-week surge. Its 7-day trading volume stands at $13.63 billion, with 685 million transactions, generating $4.06 million in fees, a 70% year-over-year increase. The blockchain’s 7-day revenue reached $422,500, up 21% year-over-year. Solana’s total value locked (TVL) across its entire network is currently at $24.78 billion, up 3.9% over the past 7 days. BNB Chain recorded roughly 8.3 million active addresses over the past 7 days, with 96.7 million transactions, a 3.5% year-over-year increase, generating $182,000 in fees. BNB Chain’s 24-hour trading volume rose 45%, climbing from $240 million to $350 million.

Solana’s active addresses over the past seven days rose 38% year-on-year to 31.38 million, ranking first among all public blockchains.

According to on-chain analyst Ai Yi (@ai_9684xtpa), meme coins continue to be a key factor driving growth in public blockchain metrics. Solana’s active address count jumped 38% year-over-year to 31.38 million over the past seven days, ranking first among major public chains by a large margin; its transaction volume rose 9.8% in the same period, while transaction fees climbed 38%. The analyst added that today, fueled by CZ’s response, trading activity for BSC meme coins has picked up noticeably, and BSC’s on-chain data is expected to post strong performance tomorrow.

Grayscale: Solana has become the settlement layer for over 1,000 applications, with an average daily transaction volume exceeding 100 million this year.

Grayscale Head of Research Zach Pandl published a note stating that Solana has evolved into a blockchain network capable of supporting large-scale applications. It currently hosts over 1,000 decentralized applications (dApps), has processed an average of more than 100 million daily transactions since 2026, with an average throughput of over 1,200 transactions per second, roughly 4.3 million daily active users (DAUs), and has generated approximately $100 million in cumulative transaction fees for the network. Grayscale pointed out that the Solana ecosystem spans multiple sectors including decentralized finance (DeFi), social trading, and decentralized physical infrastructure networks (DePIN). Among these, the Solana decentralized exchange (DEX) sector, home to trading platform Raydium, has seen cumulative trading volume exceed $360 billion year-to-date; meme coin launch platform Pump.fun has around 1.3 million monthly active users (MAUs) and generates roughly $690,000 in daily revenue; and DePIN project Geodnet focuses on providing centimeter-level positioning infrastructure for physical AI systems such as autonomous vehicles, robots, and drones. Grayscale added that Solana is continuously driving on-chain activity through its diverse application ecosystem, with SOL offering investors exposure to the network’s long-term growth.

Listed company Solana Company will support the construction of Kazakhstan’s $6 billion crypto supercity.

Nasdaq-listed crypto asset management firm Solana Company has signed a memorandum of understanding (MOU) with Kazakhstan’s Alatau City to assist in developing the city’s blockchain and cryptocurrency infrastructure. The partnership stems from a June roadshow held in Shenzhen and Hong Kong, during which 30 cooperation agreements were already secured, with total potential investment exceeding $6 billion. The collaboration will span four key areas: digital asset custody, blockchain infrastructure, acceleration of institutional adoption, and platform development. Solana Company will also participate in constructing the Alatau Crypto Industrial Cluster, a special economic zone pilot that allows daily cryptocurrency transactions. Notably, Kazakhstan previously partnered with the Solana Foundation to establish Central Asia’s first Solana Economic Zone in the capital, Astana. Last week, a Kazakh exchange launched the country’s first Solana ETF. Alatau City is part of Kazakh President Kassym-Jomart Tokayev’s smart city vision, proposed in May 2024, which encompasses low-altitude aircraft, robot taxis, and a hydrogen-driven economy. However, the project faces real challenges: Kazakhstan’s central bank and financial regulators have raised concerns over the constitutional amendments required to underpin the crypto economy, while independent media reports indicate local residents still grapple with shortages of gas, water, electricity, and internet access.

Solana ecosystem meme coin ANSEM surges 115-fold in 24 hours, market cap briefly exceeds $32 million.

According to GMGN data, Solana ecosystem meme coin ANSEM briefly exceeded $32 million in market capitalization before pulling back to $24 million. The token has recorded a 115x 24-hour price surge, with its 24-hour trading volume reaching $21.2 million. Today, crypto KOL Ansem announced on social media that due to Pump.fun’s "refusal to distribute funds (airdrop)", he was forced to send "stimmy" (stimulus funds) to "the on-chain trenches" — a term referring to on-chain meme coin traders. BlockBeats reminds users: Most meme coins lack real use cases and are highly volatile. Please protect your assets and avoid FOMO.

GPT-5.6 naming sparks speculation in the crypto community; Solana quips: Sam Altcoinman

Today, OpenAI released a preview version of its GPT-5.6 model series, which includes three variants: Sol, Terra, and Luna. The three variants are named after the Latin words for the Sun (Sol), Earth (Terra), and Moon (Luna). OpenAI chose a solar system theme for its model family to symbolize "cosmically vast AI capability tiers" and convey a sense of inspiration and timelessness. However, these three terms carry deep significance for the crypto community as well. SOL is the native token of the Solana blockchain. Terra, a once wildly popular algorithmic stablecoin project, had LUNA as its ecosystem’s core token. The 2022 collapse of this ecosystem was a major marker of the crypto market’s shift from a bull to a bear that year. Given the high overlap between OpenAI’s naming and the crypto space, Solana’s official Twitter account playfully replied: "Sam Altcoinman."

Fueled by Solana (SOL) surging 9% in a single day, multiple concept stocks tied to Solana’s treasuries posted double-digit gains.

As SOL rose approximately 9.7%, multiple stocks tied to Solana Digital Asset Treasuries (DAT) notched double-digit intraday gains on Friday. Per Bitget market data, Sol Strategies (STKE) rallied as high as 22%, Forward Industries (FWDI) climbed 12%, while SkyAI (SKYA), DeFi Development Corp. (DFDV), and Solana Company (HSDT) each saw gains of around 10% or more at their intraday peaks. On the catalyst front, Forward will be added to the Russell 2000 and Russell 3000 indices, while Upexi (UPXI) will be included in the Russell Microcap Index. However, data indicates all SOL-linked DATs currently trade below 1x mNAV. (The Block)

Trading of the DRAM memory ETF is now available on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Jupiter official announcement: Trading of Roundhill Memory ETF (ticker: DRAM) is now supported on the Solana blockchain, with its holdings covering Samsung, SK Hynix, Micron, and SanDisk.

Ansem: Solana has hit its bottom, bullish on SOL/ETH pair trading.

Crypto KOL Ansem has published a bullish view on the SOL/ETH trading pair. Earlier today, Ansem stated: "Solana has hit its bottom — I was the first to call it! Right now, everyone is extremely bearish on SOL, just like when it fell to $8 in 2023. I believe buying SOL at current prices with a holding period of over six months is a solid trade."

Sandisk's tokenized stock SNDK is now live on the Solana network.

According to official announcements, Sandisk’s tokenized stock SNDK has officially launched on Solana via Sunrise. SNDK is the tokenized stock representing SanDisk, the storage chip manufacturer. Users can now trade SNDK 24/7 through various wallets and applications within the Solana ecosystem, even when traditional stock markets are closed.

South Korean payment platform KG Inicis plans to launch stablecoin payment functionality on Solana.

South Korean payment platform KG Inicis plans to integrate stablecoin payments into the Solana ecosystem. A leading South Korean payment service provider, KG Inicis handles annual transaction volumes exceeding 25 trillion won. Beyond online payment use cases, it also plans to launch a token-based merchant rewards program in the future.

Circle issues an additional 250 million USDC on the Solana network.

According to Whale Alert monitoring, Circle minted an additional 250 million USDC on the Solana network at 8:24 AM Beijing time today.

Payment company MoneyGram has become a Solana validator, further expanding its blockchain payment footprint

June 22 – Global payments firm MoneyGram announced it has officially become an approved Solana network validator and joined the Solana Developer Platform, cementing its formal entry into the Solana ecosystem. This makes MoneyGram only the third blockchain operator to run an official validation node, joining Tempo and Midnight Network in that role. MoneyGram CEO Anthony Soohoo said in a statement that as blockchain infrastructure grows more critical to the global payments sector, institutions relying on these networks have a responsibility to contribute to their security and long-term stability. As a validator, Soohoo explained, MoneyGram will support Solana’s core operations—including staking SOL and processing transaction blocks—to keep the network running smoothly. Additionally, joining the Solana Developer Platform will give MoneyGram access to specialized development tools for building financial products, alongside opportunities to partner with institutions like Mastercard on Sol

Established Asset Manager Baillie Gifford Teams Up with BNY to Launch On-Chain Fixed Income Tokenized Fund, Deploying Ethereum and Solana Dual Chain

On Monday, June 22, Edinburgh, Scotland-based Baillie Gifford — an 118-year-old, old-school asset management firm — announced a partnership with global custody giant BNY to launch the Baillie Gifford Enhanced Yield Fund (BAGEY), a tokenized fixed-income fund deployed simultaneously on the Ethereum and Solana blockchains. Denominated in U.S. dollars and structured as an open-ended investment company (OEIC) under UK regulatory frameworks, the fund targets eligible investors in the UK, Switzerland, and the Cayman Islands. It is an actively managed short-duration corporate bond portfolio offering an approximate 7% current yield. Unlike most tokenized products in the market, Theo Golden, Baillie Gifford’s Head of Digital Assets, emphasized that BAGEY is not a traditional fund wrapped in a token shell. Instead, it is a fund issued directly on-chain, where the blockchain itself acts as the official register of ownership. Investors hold shares directly and have direct recourse to their inves

Circle Issues Additional 250 Million USDC on Solana

On June 22, according to Whale Alert monitoring, Circle issued an additional 250 million USDC on the Solana network at 17:26 Beijing Time.

Morgan Stanley Files Ethereum and Solana ETF Amendment

On June 19, Bloomberg ETF analyst James Seyffart reports that Morgan Stanley has just filed amended documents for an Ethereum ETF and a Solana ETF.

Kraken to Integrate Solana DEX Trading into Main App, Advancing DeFi Mullet Strategy

June 18 – Kraken has officially launched on-chain DEX trading, enabling users to directly access thousands of Solana ecosystem tokens through the main Kraken app without leaving its familiar interface. The launch is supported by Kraken’s embedded wallet infrastructure Privy and multiple mainstream Solana DEX protocols. DEX assets will be seamlessly integrated into the portfolio view alongside existing holdings, and users can execute trades using their USD or USDC balances. Going forward, Kraken plans to expand these DEX capabilities to additional blockchain ecosystems.

Solana developer activity has dropped 29% from its peak, but overall development activity remains above the 2022 cycle high.

June 18: Data from Solana ecosystem platform Syndica shows the number of active developers on Solana has dropped approximately 29% from its May 2025 peak, sitting at roughly 1,220 currently. Despite this modest decline in active developer count, on-chain development activity remains strong. The platform’s metrics indicate there were around 28,400 developer events in May—roughly 70% higher than the August 2022 peak. Key development activities including code commits, pull requests, and code reviews are also still significantly above their prior all-time high.